Business Forms Customs And Accounts for Schools And Colleges
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Oo ; Charged, $39. 73. ) EXERCISE 132. Promissory Note.
Robert Elsmere, of Boston, owes Felix Holt, of Baltimore, an account of ^322. 80. He sends him a three months' note dated July 3, payable at the Eighth National Bank, and with David Grieve as indorser. Holt transfers the note by indorsement to Silas Wegg, of Washington. Wegg has it discounted August i, at the Capitol National Bank at 6 per cent. Write the note.
Questions. — When will this note mature ? How much should Wegg receive as net p...roceeds? If Elsmere fails to pay the note, who will have it protested? Tell how the note will reach E)lsmere. If Wegg is unable to pay the protested note and the Capitol National Bank demands and receives payment from David Grieve, from whom can Grieve demand payment? Who will have to pay the protest fee?
Supplementary Exercises.
133. Find the proceeds of a note for $436. 90, dated March 12, at 3 months, and discounted April 3 at 7>^ per cent.
134. A wool merchant buys 24, 000 pounds of wool at iS)^ cents.
What to read after Business Forms Customs And Accounts for Schools And Colleges?
You can find similar books in the "Read Also" column, or choose other free books by Seymour Eaton to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Oo ; Charged, $39. 73. ) EXERCISE 132. Promissory Note.
Robert Elsmere, of Boston, owes Felix Holt, of Baltimore, an account of ^322. 80. He sends him a three months' note dated July 3, payable at the Eighth National Bank, and with David Grieve as indorser. Holt transfers the note by indorsement to Silas Wegg, of Washington. Wegg has it discounted August i, at the Capitol National Bank at 6 per cent. Write the note.
Questions. — When will this note mature ? How much should Wegg receive as net p...roceeds? If Elsmere fails to pay the note, who will have it protested? Tell how the note will reach E)lsmere. If Wegg is unable to pay the protested note and the Capitol National Bank demands and receives payment from David Grieve, from whom can Grieve demand payment? Who will have to pay the protest fee?
Supplementary Exercises.
133. Find the proceeds of a note for $436. 90, dated March 12, at 3 months, and discounted April 3 at 7>^ per cent.
134. A wool merchant buys 24, 000 pounds of wool at iS)^ cents.
What to read after Business Forms Customs And Accounts for Schools And Colleges?
You can find similar books in the "Read Also" column, or choose other free books by Seymour Eaton to read onlineMoreLess
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